Insider at Lam Research (LRCX) Makes Significant Sale of Stock

Thursday, January 25, 2018 10:15 PM ET

Insider at Lam Research (LRCX) Makes Significant Sale of Stock

There was a significant sale of shares of Lam Research by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Seshasayee Varadarajan, Officer — disposed of 25,453 shares in the company having a market value of approximately $5,472,395. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 9,264 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 34,717 shares and have averaged 11,572 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Lam Research is greater than the 24-company peer group average. Semiconductor Equipment & Testing peer group saw 56 buy/sell trades during this period for an average of 2.3 transactions per company. The number of shares per buy/sell trade for Lam Research insiders was also higher. Within the peer group there were 2,000 shares purchased and 311,867 shares sold with company insiders disposing of 5,533 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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